Take a look at what might sway your day on D-Street today:
The Nifty futures on the Singapore Exchange were trading 51.50 points or 0.48 per cent higher at 10,675.50 around 7.50 am indicating a positve start for Nifty50 back home.
Nifty cracked sharply as it opened below its 200-DMA at 10,750. The near-term oscillators are in the sell mode. Key internals of Indian market weakened on the back of poor sentiments. The index may fall towards 10,470-10,360 levels, said Arun Kumar, Market Strategist, Reliance Securities.
Asian share markets tried to find their footing on Friday as speculation the Federal Reserve might be “one-and-done” with US rate hikes helped salve some wounds after a punishing week. MSCI’s broadest index of Asia-Pacific shares outside Japan nudged up 0.l3 percent, though that followed a 1.8 percent drubbing on Thursday. Japan’s Nikkei added 0.9 percent and E-Mini futures for the S&P 500 edged up 0.1 percent.
The Dow Jones Industrial Average fell 79.4 points, or 0.32 percent, to 24,947.67, the S&P 500 lost 4.11 points, or 0.15 percent, to 2,695.95 and the Nasdaq Composite added 29.83 points, or 0.42 percent, to 7,188.26.
Opec tentatively agreed an oil output cut on Thursday but was waiting for a commitment from non- Opec heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.
Oil prices fell on Friday, pulled down by OPEC’s decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia. International Brent crude oil futures fell below $60 per barrel early in the session, trading at $59.50 per barrel at 0144 GMT, down 56 cents, or 0.9 per cent from their last close. US West Texas Intermediate (WTI) crude futures were at $51.24 per barrel, down 25 cents, or 0.5 per cent.
Global equity index provider S&P Dow Jones Indices will include Chinese A-shares in its global benchmarks next year, the company said, becoming the latest in a string of index providers to include mainland Chinese shares in their major indexes.
Rajasthan, Telangana vote today
In Rajasthan, Over 2,200 contestants are in the fray for 199 assembly seats and Friday’s polling will determine whether the BJP will buck anti-incumbency or Congress will return to power while in Telangana, ruling TRS is facing a challenge from the Congress-led alliance, with the BJP seeking to make it a triangular contest for a total of 119 seats.
FPIs urge Sebi to ensure ease of doing investment
Foreign portfolio investors (FPIs) — the largest investor group in the Indian stock market — want the regulator to make life easier for them. At a meeting with the Sebi chairman this week, about 30 officials and custodians of some of the large offshore funds appealed to the stock market regulator to do away with the rule that requires most offshore funds to be broad-based — having at least 20 investors with each holding not mo ..
Kotak Mahindra BankNSE 6.08 % behind negative news coverage: Yes BankNSE -0.42 %
Private-sector lender Yes Bank, where recent board-level exits have added a corporate governance dimension to challenges linked to succession planning, has alleged that some of the negative media coverage it has received in the recent past could be at the behest of rival Kotak Mahindra Bank.
Systematic Investment Plans — a system to put money into mutual fund schemes regularly — is seeing variants these days. Distributors have devised ways to improve returns from equity mutual fund investments done through SIPs.
Edelweiss to Raise Rs 250 crore through public bond issue
The NBFC arm of the Edelweiss Group Thursday announced a public issue of bonds to raise Rs 250 crore, with an option to extend the programme collections to Rs 1,000 crore, underscoring the resumption of broader-market financing to para banks.
FIIs net buyers & DIIs net sellers
FIIs turned net buyers on Thursday and bought equities to the tune of Rs 72.47 crore while DIIs were net sellers and sold equities worth Rs 389.78 crore, as per the data available with NSE.